DeMaio to Call on Rep. Scott Peters to Reimburse Taxpayers for $7 Million Legal Bill for His Failed Pension Scheme
City Attorney’s Office Assigns “Responsibility” to Scott Peters’ Council for TWICE Voting to Indemnify Pension Officials for Their Illegal Pension Scheme
Carl DeMaio today called on Rep. Scott Peters to “reimburse taxpayers for the millions in legal fees resulting from his decision to indemnify himself and his fellow city pension officials for their illegal deal to spike city pensions.”
On Thursday, the City Attorney’s Office delivered the shocking news that city taxpayers will be forced to pay $7 million to cover the legal fees for city pension officials involved in the notorious pension scheme that nearly bankrupted San Diego.
The City Attorney’s Office has assigned responsibility for the fees to two votes cast by then-Councilmember Scott Peters where the city promised to indemnify the pension board members as long as they went along with the intentional underfunding of the city pension system.
“It is bad enough that Scott Peters and these pension officials hatched a pension scheme that nearly bankrupted San Diego — and now they are demanding that taxpayers pick up the tab for their millions in legal bills,” DeMaio said.
“Scott Peters is a multi-millionaire who is even taking his taxpayer-funded pension early. I’m calling on him to do the right thing and reimburse the taxpayers the $7 million loss the taxpayers now face,” concluded DeMaio.
Background: U-T San Diego Story on $7M Verdict Against City Taxpayers
